Berenberg Bank Reiterates Buy Rating for Tracsis (LON:TRCS)

Tracsis (LON:TRCS)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They presently have a GBX 1,295 ($16.00) price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 56.02% from the company’s previous close.

Tracsis Stock Up 1.2 %

Shares of LON TRCS opened at GBX 830 ($10.25) on Wednesday. The stock has a market cap of £250.66 million, a PE ratio of 3,772.73 and a beta of 0.73. The business has a fifty day moving average of GBX 895.07 and a two-hundred day moving average of GBX 860.47. Tracsis has a 52-week low of GBX 690 ($8.52) and a 52-week high of GBX 1,030 ($12.72). The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.98 and a current ratio of 1.52.

Insider Buying and Selling at Tracsis

In other Tracsis news, insider Christopher Matthew Barnes sold 2,237 shares of Tracsis stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of GBX 890 ($10.99), for a total transaction of £19,909.30 ($24,591.53). In other Tracsis news, insider Christopher Matthew Barnes sold 2,237 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of GBX 890 ($10.99), for a total value of £19,909.30 ($24,591.53). Also, insider Andrew Kelly sold 9,165 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of GBX 920 ($11.36), for a total transaction of £84,318 ($104,147.73). Company insiders own 4.13% of the company’s stock.

Tracsis Company Profile

Tracsis plc, together with its subsidiaries, provides software and hardware, data analytics/GIS services for the rail, traffic data, and transportation industry. The company operates in two segments, Rail Technology and Services; and Data, Analytics, Consultancy & Events. The Rail Technology & Services segment provides a suite of operational software products covering timetabling, resource and rolling stock planning and optimization, real time performance and control, service recovery, retail services, incident management, retail services, and asset management; and infrastructure software services that include safety and risk management, data loggers and sensors, switch machines, track circuits, wiring and signalling systems, remote condition monitoring hardware and data acquisition, and asset optimisation and digital railway.